Facilitating Sound Principles in Risk Management

In today’s environment, an organization’s Board of Directors assumes a greater degree of accountability and understands the importance of instilling a risk aware culture to gain better visibility into corporate risk. With limited resources, it is more critical than ever that GRC managers focus on the key areas of risk in the business, whether in Compliance, Sox, IT or Audit.

To achieve these goals, organizations need to foster a risk-based approach to managing GRC initiatives where GRC managers focus and measure risk against the core aspects of their business. To be effective, a risk-based approach requires collaboration and coordination to create a common language for risk and synchronize the activities of the different functions. To learn how the right framework helps facilitate a risk-based approach and achieve the ten principles outlined by the Basel Committee, check out our latest white paper, "Sound Practices for the Management and Supervision of Operational Risk."

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